First Dividend Raise

Mike from Four Pillars posted about a dividend increase at BMO ($0.02 increase per quarter).

This is over $20 / year for me (294 shares, 4 quarters in a year). Not too shabby (I can have a couple yummy meals out and the good people banking at BMO will pick up the tab). With my margin debt I was losing more then $5 / month (that I’d have to add to the account), but with this increase I’m only losing $4 / month.

This also increases the “personal yield” (yes, yes, I know personal yield is silly, let me gloat here) of my “best purchase” ($60.80 per share on 8/14/7) to 4.61%.

I’m still in the early stages of dividend investing, and I have a lot to learn, but I’m very happy with how things have been going so far.

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